As different parts of the UK begin to cautiously emerge from lockdown at different times, those who cannot operate remotely are now being encouraged to return to their workplace. At the same time, social distancing remains a key way to limit the spread of the virus.

This has created a conundrum for those who rely on public transport to get from A to B. The Department for Transport has admitted that physical distancing on buses and trains may be all but impossible, fuelling fears that those who use it may be putting themselves and others at risk.

What can be done to ensure you comply with government guidelines as much as possible, without sacrificing your livelihood? Buying a used car on finance could be the perfect compromise.

Public transport comes with potential risk

While the chances of contracting coronavirus just by walking past someone who has it are relatively remote, the chances rise the longer that you remain in close quarters with other people. On busy buses and trains, keeping an adequate distance of two metres from others is not feasible, meaning many people are caught between a rock and a hard place when it comes to returning to work.

For that reason, the government has advised using public transport only as a last resort. Official advice recommends walking or cycling for all or part of the journey if possible, travelling at off-peak hours and using stations and routes which are less frequently populated by others. Of course, for those working in a major city on a standard 9 to 5 schedule, following those options could be inconvenient at best and impossible at worst.

That’s especially true if long distances must be covered or if your town or city is not conducive towards easy bicycle riding. Fortunately, there is another way to get around the problem – by acquiring your own vehicle, which bypasses close contact with other individuals altogether.

Car finance to the rescue

Given that the coronavirus pandemic has brought with it an equally concerning economic crisis, making a large purchase might be the last thing on your mind right now. However, the health benefits of owning and driving your own car should be not taken lightly. When managed using appropriate car finance, you may be surprised to discover that buying a car is nowhere near as complicated or onerous or as you might have previously imagined.

At My Car Credit, we pride ourselves on treating all applicants equally and fairly. Regardless of your circumstances and financial history, we consider all applications and deliver a decision within minutes. Our application process has also been designed with the end user in mind, meaning the entire experience is made as simplistic and stress-free as possible.

We are in the privileged position, as an established credit broker with the largest panel of lenders, to find you the most favourable deals on the market. We can even help you to locate the car of your dreams through our extensive network of dealerships all across the country. To find out more about our services, or to start the ball rolling on your next car purchase today, simply use our car finance calculator and apply online. We’re waiting to hear from you!

Representative APR 24.6%

Evolution Funding Ltd T/A My Car Credit

My Credit Rating

Excellent

  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed

Good

  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs

Fair

  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit

Poor

  • You may have had frequent changes in address
  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past

Bad

  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan
£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£X

*for illustration purposes only

No impact on your credit score

Representative Example

Borrowing £7,500 at a representative APR of 24.6%, annual interest rate (fixed) 24.57%, 47 monthly payments of £237.00 followed by 1 payment of £247.00 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £3,886.00, total amount payable is £11,386.00.

My Car Credit is a credit broker and not a lender.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!